With 1.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.1 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $9.905 whereas the lowest price it dropped to was $9.47. The 52-week range on WB shows that it touched its highest point at $12.40 and its lowest point at $7.03 during that stretch. It currently has a 1-year price target of $11.04. WB paid its most recent dividend on 1712793600, while the ex-dividend date for that was 1712793600. Beta for the stock currently stands at 0.26.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WB was up-trending over the past week, with a rise of 5.40%, but this was up by 7.77% over a month. Three-month performance surged to 29.50% while six-month performance rose 14.34%. The stock gained 9.53% in the past year, while it has lost -3.78% so far this year. A look at the trailing 12-month EPS for WB yields 1.44 with Next year EPS estimates of 1.82. For the next quarter, that number is 0.39. This implies an EPS growth rate of -4.59% for this year and 1.47% for next year. EPS is expected to grow by 1.29% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -10.97%.
Float and Shares Shorts:
At present, 155.49 million WB shares are outstanding with a float of 155.43 million shares on hand for trading. On 2024-10-31, short shares totaled 19.18 million, which was 788.0 higher than short shares on 1727654400. In addition to Mr. Gaofei Wang as the firm’s CEO & Director, Ms. Fei Cao serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.38706002 of WB’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, WB reported revenue of $464480000.0 and operating income of $141322000.0. The EBITDA in the recently reported quarter was $124417000.0 and diluted EPS was $0.5.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WB since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WB analysts setting a high price target of 16.0 and a low target of 8.1, the average target price over the next 12 months is 10.647. Based on these targets, WB could surge 67.19% to reach the target high and fall by -15.36% to reach the target low. Reaching the average price target will result in a growth of 11.25% from current levels.
Analysts have provided yearly estimates in a range of $1.8032 being high and $1.78294 being low. For WB, this leads to a yearly average estimate of $1.79307. The surprise factor in the prior quarter was $0.42. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
